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Derby council authorizes bond resolutions for water, wastewater and road projects and approves parameters to market sale
Summary
The council authorized resolutions to finance multiple city projects by bond, including the Sunset water tower painting and wastewater master-plan work, and approved parameters allowing the mayor to award the bond sale in October; one councilor recused from bond votes.
Derby City Council on Sept. 23 approved resolutions authorizing bond financing for several city projects and later approved parameters to market and award the anticipated 2025B general-obligation bond sale.
Finance Director Megan Pater told the council that the resolutions cover three city-at-large projects to be financed with a 2025 bond issuance: painting the Sunset water tower (estimated $710,000), remaining work on the Wastewater Master Plan Phase 1A (the packet updated the total project…
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